NEWS
Chipper Cash strengthens partnership with Visa
Chipper Cash , a financial services company serving over five million customers across Africa and the US , has announced a strategic partnership with Visa to drive growth and financial inclusion across the African continent .
Chipper Cash has an established partnership with Visa , having worked with the company since 2021 to bring its popular Chipper Card to market , where Chipper customers use the Visa network to make payments globally . Having recently issued one million cards and become the largest provider of virtual cards in Africa , this expanded deal will see Chipper harness Visa ’ s vast experience and investment across more areas of its business .
The arrangement will see the two firms continuing to collaborate on card issuance , while also joining forces across regulatory and functional areas such as Visa licensing and marketing to leverage both Chipper ’ s expertise and Visa ’ s capabilities .
“ We are thrilled to announce our expanded collaboration with Chipper Cash . This deepens our support in the growing demand for digital financial services in Africa and driving meaningful impact across the continent ,” said Meagan Rabe , Senior Director of FinTechs for Visa Sub-Saharan Africa . “ We look forward to continuing our work with Chipper Cash to redefine and expand the boundaries of financial accessibility and convenience .”
HSBC UK issues urgent fraud warning against dummy apps
he warning comes as the bank has seen a spike in the
Tnumber of cases , with dozens of customers downloading a dummy app within the last couple of weeks . One of these fake apps is called ‘ PDF AI ’ which impersonates a genuine app with a similar name .
The dummy apps ask for personal information like usernames or credit card details which could then be used by criminals to try and steal your money . These apps may also block , redirect or impersonate legitimate apps including legitimate banking app or may be designed to trick users into thinking they are logging on to their banking app .
HSBC UK has placed the warning on the ‘ Latest Scams ’ page on its website in addition to a push notification on its Fraud and CyberAwareness App . Downloading fake or fraudulent apps exposes devices to malware , adware , phishing , social engineering and fake promotions , ultimately opening consumers up to becoming victims of scams and losing significant amounts of money .
David Callington , HSBC UK ’ s Head of Fraud , said : “ Scammers are devious criminals who use every trick in the book to get hold of your hard-earned money , without any regard for your financial or mental wellbeing . Cybercriminals develop apps which encourage the user to share personal information , which can then be harvested and used for criminal purposes , potentially leading to your bank account being cleaned out .”
6 www . intelligentfin . tech